FICO Decision Management Archived Reviews (More than two years old)

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Vendor
Project Manager at a financial services firm with 501-1,000 employees
Jul 25 2017

What do you think of FICO Decision Management?

What is most valuable?

FICO OM is very flexible in terms of development, with rapid application development options.

How has it helped my organization?

Streamlined loan origination processes.

What needs improvement?

Credit products.

For how long have I used the solution?

Two years.

What do I think about the stability of the solution?

No.

What do I think about the scalability of the solution?

No.

How is customer service and technical support?

Below average.

How was the initial setup?

Straightforward.

What's my experience with pricing, setup cost, and licensing?

Flexible.

Which other solutions did I evaluate?

Yes, we did.

What other advice do I have?

I would recommend buying this product for loan origination purposes.
Vendor
CEO with 1,001-5,000 employees
Jul 03 2013

What do you think of FICO Decision Management?

Decision optimizer is one of FICO’s Decision Management Tools and is designed to address some specific challenges in customer decisioning, particularly that there are often competing objectives and very large numbers of customers (and thus customer decisions) involved. Combine this with the many possible action combinations, uncertainty about what customers might do, as well as uncertainty about the actual business impact of each decision and coming up with the best approach is complex. Once you have an approach or strategy to address these issues it must still be implemented to be useful and that means handling deployment as well as convincing business users of the value of the approach. FICO Decision Optimizer uses decision models to encapsulate the business impact of customer…
Vendor
CEO with 1,001-5,000 employees
Jul 02 2013

What do you think of FICO Decision Management?

FICO Xpress Optimization Suite is part of the FICO Decision Management tools suite. It can be used in conjunction with various FICO applications too. It is used directly with their Marketing product and is embedded in their Decision Optimizer product that can generate optimal rules for their Originations, Customer Management, Collections and Fraud products. Outside of financial services FICO have used Xpress to optimize retail shelf positioning and layout, energy pricing and generation (one of Xpress’ largest markets) and more generally in scheduling, logistics and planning problems. To tackle any optimization problem you need to model the problem as an optimization problem, solve it, explore the various alternatives before deploying and maintaining the model. Xpress therefore has…
Vendor
CEO with 1,001-5,000 employees
Jul 02 2013

What do you think of FICO Decision Management?

I wrote about FICO Model Central, FICO’s model management product, back in February of 2012. A new release, 3.0, is shipping with a new feature called Model Deployment Accelerator for rapid deployment. To recap, FICO Model Central automates analytic model compliance tasks, provides alerts and visualization to help you identify needed model updates, supports getting multiple vendors’ models into production, eases embedding models into decision services and integrates optimization and simulation. It comes in incrementally adoptable Foundation, Professional Development and Advanced Decisioining tiers. Model Central can manage models whether or not the new features of Model Central are used to deploy the model. New in 3.0 is the Model Deployment Accelerator, a capability for rapid…

What is FICO Decision Management?

The FICO Decision Management Suite provides an easy way for customers to evaluate, customize, deploy and scale state-of-the-art analytics and decision management solutions. It allows customers to quickly integrate FICO and FICO partner decision management tools and components with their own components, helping organizations of all sizes realize the promise of advanced analytics and decision management via cost effective, scalable cloud and on-premises solutions.
FICO Decision Management customers
Aiful, Raiffeisen Bank International AG